Stephen Luczo Biography and Net Worth

Stephen Luczo is a managing partner at Crosspoint Capital Partners. 

Luczo joined Crosspoint, a private equity fund, in 2020 after leaving his position as chairman of the board of Seagate Technology. He still serves on Seagate’s board of directors. 

Luczo joined Seagate, a precision manufacturing company, in 1993 and served two tenures as the company’s CEO along with his other leadership positions. In 1993, Luczo signed on as Seagate’s senior vice president of corporate development and was promoted to president and COO in 1997. His first tenure as CEO began in 1998 and lasted until he resigned from the position in 2004. His second turn as CEO began in 2009 and lasted until 2017. Despite his other positions shifting, Laczo remained chairman of the board from 2002 to 2020. 

While in his second tenure as CEO, Seagate was among the top five performing stocks on the S&P 500. Luczo led the now $14 billion company through a $20 billion deal in late 2000 with Veritas Software and Silver Lake Partners to take Seagate private. At the time, the deal represented the single-largest buyout in the history of the technology industry and is still used as a case study in business schools around the world today. The move gave Seagate the capital it needed to achieve its long-term goals and positioned Luczo to take the company public again in 2002. 

Before Seagate, Luczo held a variety of positions in financial services, including senior managing director and co-head of global technology group for Bear, Stearns & Co, and as the vice president and head of west coast technology for Salomon Brothers. 

Considered one of the world’s best performing CEOs, Luczo has been recognized by various institutions for his leadership and performance in recent years. The Harvard Business Review named him to its list of the “100 Best Performing CEOs in the World” for four consecutive years from 2014 to 2017, and he was ranked sixth in the world in 2015. Institutional Investor ranked Luczo among its “Top 5 Technology CEOs” three years in a row, CNN Money listed him as one of its “Top Performing CEOs in America” in 2014, and Bloomberg ranked Luczo number one on its list of “Top Technology Leaders” in 2013. 

In addition to corporate roles, Luczo has built up an extensive olive oil operation in Sicily, the birthplace of his maternal grandparents. For his work there, he was knighted in 2015.

Luczo currently serves on the boards of AT&T, Morgan Stanley, Bright Machines, SunRise Memory Corporation and the Lucille Packard Children’s Hospital. He received his M.B.A. from the business school at Stanford University and his A.B. in economics and psychology also from Stanford. He also holds an honorary doctorate of letters in economics from Queens University, Belfast.